Wipro Ltd. saw its American Depositary Receipts surge on the New York Stock Exchange Thursday following an expanded AI partnership with ServiceNow Inc. [1]
The deal signals a strategic shift toward agentic AI, which aims to automate complex enterprise functions. This move is intended to boost Wipro's growth prospects by integrating advanced AI capabilities for its global clients [1, 4].
Wipro ADRs jumped more than 18% [3] overnight. Some reports indicate the ADR price rallied 18.54% to $2.43 [3], while other data shows the ADR spiked over 21% to an intraday high of $2 [3].
The partnership focuses on deploying and scaling agentic AI workflows across several core enterprise functions [1]. These include IT, human resources, procurement, and cybersecurity [1].
Market reaction extended to India, where Wipro shares rose between four percent [5] and 4.5% [4]. Some tracking data showed shares gaining as much as 4.76% to Rs 211.20 [6].
Investors reacted positively to the news, viewing the tie-up as a catalyst for future revenue [1, 4]. The surge turned Wipro into a top gainer among Nifty IT stocks during the trading session [3].
“Wipro ADRs jumped more than 18% overnight”
The market's strong reaction reflects a growing investor appetite for 'agentic AI'—systems capable of taking autonomous action rather than just generating text. By partnering with ServiceNow to embed these workflows into HR and cybersecurity, Wipro is attempting to move up the value chain from traditional IT maintenance to high-margin AI orchestration.
